Blue Wave Systems Appoints ADC Telecommunications Senior VP to Board of Directors.CARROLLTON, Texas--(BUSINESS WIRE)--Nov. 30, 1999-- Blue Wave Systems Inc. (NASDAQ/NMS: BWSI), a leading supplier of DSP (1) (Digital Signal Processor) A special-purpose CPU used for digital signal processing applications (see definition #2 below). It provides ultra-fast instruction sequences, such as shift and add, and multiply and add, which are commonly used in math-intensive solutions to the telecommunications industry, today announced it has appointed Lynn J. Davis to its board of directors. Davis is a senior vice president of ADC Telecommunications ADC Telecommunications (NASDAQ: ADCT) is a communications company located in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. History In 1935, Ralph Allison founded ADC Telecommunications in the basement of his south Minneapolis home, inventing ADC's very Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ADCT ADCT Adaptive Discrete Cosine Transform ) and serves as president of ADC's Broadband Connectivity Group. Davis brings more than 26 years of telecommunications industry experience to Blue Wave Systems. He has headed ADC (1) See A/D converter. (2) (Apple Display Connector) A peripheral connector from Apple that combines digital video display, USB and power in one cable. Telecommunications' Broadband Connectivity Group since 1990, and under his leadership, this group's revenue has experienced a 38 percent compounded annual growth rate and now exceeds $1 billion. "Lynn Davis Lynn Davis can refer to:
"Blue Wave Systems is well positioned to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the phenomenal growth of the Internet and wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. ," explained Mr. Davis. "They have a proven technology and a substantial global presence. This is an exciting opportunity to lend my industry experience to an organization that plans to play a key role in the provisioning of next-generation telecommunications solutions." ADC Telecommunications, Inc. is a leading global supplier of transmission and networking systems for telecommunications, cable television, broadcast, wireless and enterprise networks. ADC's annual revenues for its most recent fiscal year were $1.9 billion Blue Wave Systems is a leading supplier of DSP-based solutions to the telecommunications industry and provides digital signal processor A digital signal processor (DSP) is a specialized microprocessor designed specifically for digital signal processing, generally in real-time computing. Characteristics of typical Digital Signal Processors
This press release contains forward-looking statements which are based on expectations of the company but involve a number of risks and uncertainties including, but not limited to, rapid technological change, quarterly fluctuations, integration of Mizar and Loughborough Sound Images, dependence on the defense industry, commercial market uncertainties, dependence on key suppliers and employees, competition, and Year 2000 compliance. The foregoing list should not be construed as exhaustive and the company disclaims any obligation subsequently to revise forward-looking statements to reflect unanticipated events. For a further explanation of risk factors please see the company's most recent SEC filings. The company further cautions users who may utilize published bookings and backlog information as tools to forecast the Company's revenue during a given timeframe since certain purchase orders may be subject to cancellation and/or revision to delivery schedules. |
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